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Private Power & Infrastructure Board |
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Tricon Boston Consulting Corporation (Pvt.) Limited - C |
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Salient Features |
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Project Company |
Tricon Boston Consulting Corporation (Pvt.) Limited - C |
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Policy |
RE Policy 2006 |
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Category |
Commissioned |
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Sub Category |
Other |
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Main Sponsor |
Sapphire Textile Mills Limited |
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Main Sponsor Shareholder |
57.1% |
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Other Sponsors |
Renew Power, Bank Alfalah Limited, Sapphire Finishing Mills Limited, Diamond Fabrics Limited, Sapphire Fibres Limited. |
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Other Sponsors Shareholder |
43.9% 12.25%, 9.25%, 7.125%, 7.125%, 7.125%. |
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Lenders |
Lenders (Foreign): International Finance Corporation (IFC), Asian Development Bank (ADB), Islamic Development Bank (IDB) & Deutsche Investitions- und Entwicklungsgesellschaft (DEG) (German Investment Corporation) Intercreditor Agent: Citi Bank Europe Onshore Security Trustee: Citi Bank N.A. Offshore Security Trustee: Citi Bank London Branch Onshore Account Bank: Citi Bank N.A. Offshore Account Bank: Citi Bank N.A. London Branch |
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Province |
Sindh |
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Location |
Jhimpir, Thatta, Sindh |
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Gross Capacity |
49.735MW |
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Net Capacity |
49.891MW |
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Configuration |
29 x 1.715 MW (GE 1.7-103.5) WTG |
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Total Project Price (USD) |
106.47Million |
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Debt Equity Ratio |
75:25 |
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Debt Amount USD |
79.8525Million |
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Equity Amount USD |
26.6175Million |
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Levelized Tariff |
10.4481US c/kWh Levelized Tariff US Cent 10.4481 (at COD 10.5484) Reference Exchange Rates 101.5 PKR/USD |
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Power Purchaser |
Central Power Purchasing Agency (Guarantee) Limited (CPPA-GL) |
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Term of Project |
20Years |
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EPC Contractor |
Hydrochina International Engineering Company Limited |
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Owner's Engineer |
General Electric (GE) |
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Net Efficiency |
35% Net Capacity Factor 35% |
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Important Events |
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Issuance of LOI |
18-FEB-2013 |
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Tariff Determination |
13-MAY-2016 |
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Date of issuance of LOS |
08-NOV-2016 |
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Implementation Agreement |
14-APR-2017 GOP Guarantee 10-MAY-2017 |
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Direct Implementation Agreement |
25-APR-2017 |
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Power Purchase Agreement |
13-APR-2017 EPA |
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Achievement of Financial Close |
10-MAY-2017 |
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COD |
11-SEP-2018 |
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